SONGWON

SONGWONA leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.

Headquartered in South Korea, SONGWON is one of the world’s leading manufacturers of polymer stabilizers. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.

Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland

+41 52 635 0000

www.songwon.com

marketing@​songwon.com

SONGWON announces Q1/2024 financial results

SONGWON Industrial Group today released its financial results for the 1st quarter of 2024. During Q1/2024, the Group achieved consolidated sales of 255,752 Million KRW marking a 4.3% decline in revenue over sales generated in the same quarter of the previous year (Q1/2023: 267,167 Million KRW). SONGWON reported a similar gross profit margin of 15.3% in the first 3 months of the year when compared to the 1st quarter of 2023 (Q1/2023: 15.4%) and a net profit of 6,662 Million KRW (Q1/2023: 10,626 Million KRW).

SONGWON signs The Antwerp Declaration for a European Industrial Deal

SONGWON signs The Antwerp Declaration for a European Industrial Deal.
(Photo: Songwon Industrial Co., Ltd.)Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, has signed The Antwerp Declaration for a European Industrial Deal. Together with 1000 industry signatories representing 25 sectors across Europe, SONGWON will be strengthening the competitiveness, sustainability and resilience of European industrial production, facilitating the transition towards a greener economy and developing sustainable practices across the industrial value chain in Europe.

SONGWON NPE 2024 Press Kit

SONGWONNPE® is the largest plastics trade show in the Americas. With more than 1 million net square feet of exhibit space including must-see technology zones, and over 2,000 exhibiting companies, NPE brings the newest and most innovative plastics solutions together in one space every three years.

SONGWON The American Coatings Show 2024 press kit

The American Coatings Show is the leading North American coatings  industry event, setting trends for future developments in the industry. Attending the show facilitates immediate business opportunities, access to a complete portfolio of high-grade competitive products, and myriad networking and connection opportunities.

SONGWON presents its broad range of sustainable additives at NPE 2024

SONGWON presents its broad range of sustainable additives at NPE 2024.
(Photo: Songwon Industrial Co., Ltd.)Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, will be exhibiting at the National Plastics Exposition (NPE) 2024 in Orlando, Florida. Over the 5-day event, SONGWON will highlight its commitment as a leading provider of high-performance additives and services designed to help customers in the plastics industry optimize the sustainability of their products.

SONGWON showcases its advanced coatings stabilizers at ACS 2024

Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, is presenting its sustainable, high-performance coating stabilizers at the American Coatings Show (ACS) 2024 in Indianapolis, USA.

SONGWON presents its high-performance additives at NPE 2024

Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player is demonstrating its leading role as an innovative, reliable supplier of high-performance additives for the plastics industry at the National Plastics Exhibition (NPE) 2024 from May 6th -10th. At Booth S11203, visitors can explore SONGWON's comprehensive range of high-performance additives that protect a wide range of polymers and end-products, particularly against the degrading effects of high temperatures and solar radiation.

SONGWON announces FY2023 financial results

SONGWON Industrial Group today released its financial results for FY 2023. In the 4th quarter of 2023, SONGWON Industrial Group recorded consolidated sales of 245,709 Million KRW with a gross profit margin of 11.6%, representing a -17.4% decline in revenue and a -5.5%-points reduction in the gross profit margin compared to Q4/2022. The net profit for Q4/2023 stood at 2,893 Million KRW (Q4/2022: 8,459 Million KRW). SONGWON ended 2023 with overall consolidated sales totaling 1,029,975 Million KRW, 22.5% lower than the previous year (FY2022: 1,329,509 Million KRW).

SONGWON announces price increase and freight surcharge for Polymer Stabilizers and Coatings

Songwon Industrial Co., Ltd. announced today that it is implementing a price increase and adding a freight surcharge on its Polymer Stabilizers and Coatings products in response to the impacts on costs and lead times caused by the current global logistics situation.

SONGWON announces Q3 2023 financial results

SONGWON Industrial Group today released its financial results for the 3rd quarter of 2023. During Q3/2023, the Group achieved consolidated sales of 247,867 Million KRW marking a decline in revenue over sales generated in the same quarter of the previous year (350,731 Million KRW). In the 3rd quarter, SONGWON reported a gross profit margin of 14.7% (Q3/2022: 21.9% Million KRW) and a drop in net profit to 9,372 Million KRW when compared to the 3rd quarter in 2022 (41,376 Million KRW).

SONGWON announces new Leader Business Unit Coatings

SONGWON announces new Leader Business Unit Coatings
(Photo: Songwon Industrial Co., Ltd.)Songwon Industrial Co., Ltd. is pleased to announce the appointment of Steffen Dobberstein as the new Leader Business Unit (BU) Coatings effective September 11th, 2023.

SONGWON Industrial Group announces Q2/2023 Financial Results

Today, SONGWON Industrial Group published its Q2 and half-year financial results for the 2023 financial year. Over the quarter, the Group achieved consolidated sales of 269,232 Million KRW marking a decrease in revenues over the same quarter of the previous year of 21.4% (342,735 Million KRW). Year-to-date (YTD), the Group realized consolidated sales of 536,399 Million KRW, representing a 21.3% decline over YTD June 2022 (681,168 Million KRW) and recorded a drop in net profit to 22,582 Million KRW (Q2/2022: 82,097 Million KRW). The Group’s gross profit margin achieved in Q2/2023 was 16.4% and YTD 15.9 % reflecting a decrease of 8.3%-points and 9.6%-points over the prior year comparable period.

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